Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Oliver Lagore Vanvalin Investment Group

Oliver Lagore Vanvalin Investment Group decreased its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 11.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,739 shares of the retailer’s stock after selling 227 shares during the quarter. Oliver Lagore Vanvalin Investment Group’s holdings in Costco Wholesale were worth $1,148,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Richelieu Gestion SA acquired a new position in shares of Costco Wholesale during the 4th quarter valued at about $25,000. Sanctuary Wealth Management L.L.C. acquired a new position in shares of Costco Wholesale during the 4th quarter valued at about $26,000. Morton Brown Family Wealth LLC boosted its position in shares of Costco Wholesale by 200.0% during the 4th quarter. Morton Brown Family Wealth LLC now owns 45 shares of the retailer’s stock valued at $30,000 after acquiring an additional 30 shares during the last quarter. Steph & Co. boosted its position in shares of Costco Wholesale by 42.3% during the 3rd quarter. Steph & Co. now owns 74 shares of the retailer’s stock valued at $42,000 after acquiring an additional 22 shares during the last quarter. Finally, Valued Wealth Advisors LLC acquired a new position in shares of Costco Wholesale during the 4th quarter valued at about $49,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Insiders Place Their Bets

In other Costco Wholesale news, Director W Craig Jelinek sold 8,000 shares of Costco Wholesale stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $685.93, for a total transaction of $5,487,440.00. Following the sale, the director now directly owns 216,212 shares in the company, valued at approximately $148,306,297.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Susan L. Decker sold 1,442 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $723.48, for a total transaction of $1,043,258.16. Following the completion of the transaction, the director now owns 12,395 shares in the company, valued at approximately $8,967,534.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director W Craig Jelinek sold 8,000 shares of the stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $685.93, for a total value of $5,487,440.00. Following the completion of the transaction, the director now directly owns 216,212 shares of the company’s stock, valued at approximately $148,306,297.16. The disclosure for this sale can be found here. Insiders have sold 10,942 shares of company stock worth $7,602,943 in the last three months. 0.18% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Evercore ISI boosted their price objective on shares of Costco Wholesale from $795.00 to $805.00 and gave the company an “outperform” rating in a report on Thursday, April 11th. Truist Financial boosted their price objective on shares of Costco Wholesale from $693.00 to $741.00 and gave the company a “buy” rating in a report on Thursday, December 21st. Oppenheimer boosted their price objective on shares of Costco Wholesale from $760.00 to $805.00 and gave the company an “outperform” rating in a report on Tuesday, March 5th. Roth Mkm boosted their price objective on shares of Costco Wholesale from $601.00 to $650.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. Finally, DA Davidson restated a “neutral” rating and issued a $680.00 price objective on shares of Costco Wholesale in a report on Thursday, April 11th. Seven investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $691.28.

Costco Wholesale Trading Down 0.5 %

Shares of NASDAQ COST traded down $3.83 during midday trading on Thursday, hitting $711.36. The stock had a trading volume of 996,872 shares, compared to its average volume of 2,086,370. The company has a market capitalization of $315.49 billion, a price-to-earnings ratio of 46.85, a PEG ratio of 4.77 and a beta of 0.77. Costco Wholesale Co. has a 1-year low of $476.75 and a 1-year high of $787.08. The company has a quick ratio of 0.43, a current ratio of 0.93 and a debt-to-equity ratio of 0.28. The company has a fifty day moving average price of $730.83 and a 200 day moving average price of $659.23.

Costco Wholesale (NASDAQ:COST) last announced its earnings results on Thursday, March 7th. The retailer reported $3.71 EPS for the quarter, beating the consensus estimate of $3.62 by $0.09. The business had revenue of $58.44 billion for the quarter, compared to the consensus estimate of $59.11 billion. Costco Wholesale had a return on equity of 28.80% and a net margin of 2.73%. The company’s revenue was up 5.7% on a year-over-year basis. During the same period last year, the business posted $3.30 EPS. On average, analysts predict that Costco Wholesale Co. will post 15.84 earnings per share for the current year.

Costco Wholesale Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 26th will be issued a dividend of $1.16 per share. The ex-dividend date is Thursday, April 25th. This is an increase from Costco Wholesale’s previous quarterly dividend of $1.02. This represents a $4.64 annualized dividend and a yield of 0.65%. Costco Wholesale’s payout ratio is currently 26.68%.

Costco Wholesale Profile

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories.